The world of cryptocurrency is not without its dangers as digital finance is one of the trickier industries to enter due to the risk of cyber threats and other data breaches. Crypto’s expansion across the globe as one of the more prominent industries has come during a time when there have been increasing demands for greater operational efficiency and transparency within financial payment systems. One such platform within the crypto world offering a service of safety is LockYourCrypto . This article will explore its features and benefits and speculate what it could mean for people wishing to store away cryptos like Dogecoin (Doge) and Shiba Inu (SHIB) for example.
LockYourCrypto Offers Security Against Increasing Cyber Threats
The growth of cryptocurrency has seen wider interest develop among banks, financial institutions, and emerging countries in the role cryptocurrency could play in shaping societies. But this is accompanied by challenges facing the industry, particularly the rising danger of cybercriminals plaguing investors heavily.
For example, a report published by the United Nations revealed 2022 as a year of huge losses sustained by the crypto community due to cybercriminals, with an astonishing $3.8bn stolen from crypto-related businesses. Interestingly enough, North Korea was responsible for $1.7bn of it.
As cryptocurrency trades are recorded in blockchains which are circulated in the public ledger it often leaves investors vulnerable as it can become playgrounds for skilled hackers seeking to access important and sensitive data.
Lockyourcrypto.com is an important remedy to this. It’s a platform that offers crypto holders a trustworthy and secure vault to conceal valuable crypto assets such as DOGE or SHIB tokens with the ability to withdraw them at specific moments.
It offers a layer of much-needed security to crypto investors who could otherwise be at risk of weathering heavy losses. In the long run, it’s debilitating for cryptos if investors are chased away by the presence of hackers, making platforms such as LockYourCrypto vital in offering a safe buffer against hackers.
Will Dogecoin Sustain A Recovery Following Silvergate Crash?
The crisis at Silvergate Capital that saw the crypto bank announce the end of its operations due to sustained losses sent ripple effects into the cryptocurrency market. Prices of major cryptos plummeted as the market - already in the beginnings of a bearish mood - suffered heavily with investors’ trust depleting. Dogecoin, the pioneer of meme coins, was one of the coins that toiled. But it had the special privilege of also seeing its price drop due to Elon Musk tweeting that his attention had shifted from crypto to AI. Dogecoin was previously Musk’s advocated coin, often resulting in price spikes whenever he made an allusion to crypto and had suffered instantly as Musk tweeted his new interest in AI.
Dogecoin has been able to recover somewhat but it remains to be seen whether it can sustain this and continue trading in the green as it looks to move closer to trading for $1 on the crypto exchanges.
Shiba Inu Community Waits For Its Shibarium Launch
Another meme coin that will be hoping to finally move into the green zone after weeks of trading bearishly in Shiba Inu. With the launch of its layer-2 scaling solution Shibarium set to take place in the coming weeks, Shiba Inu will be eager to arrive there with its price in good health. It has dropped one place to 15th on the CoinMarketCap rankings and has not enjoyed the sort of price recovery its meme coin rival Dogecoin has had.
If you’re interested in protecting your crypto assets from the hands of malicious hackers and cybercriminals then visit LockYourCrypto’s website with the link provided below!
LockYourCrypto - https://lockyourcrypto.com/